Industry Analysis & Industry Trends
Over the past five years, revenue for the Aluminum Ore Mining industry in China has been increasing at an annualized rate of 10.0% to $5.1 billion. Fluctuations in the global aluminum market are reflected in this industry. With the recovery from recession in the global economy in 2010 and 2011, aluminum and bauxite prices increased again. Then in recent years, the slowdown of downstream industries in China has limited revenue growth. However, China is still the largest aluminum production country and consumption country, which has been stimulating demand for aluminum ore. In 2016, revenue is set to grow 5.5%.
China is relatively poor in bauxite ore reserves and resources. The country's total bauxite ore exploration accounts for less than 10.0% of the global total.... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry to the Aluminum Ore Mining industry are high. As in other mining sectors, this industry requires access to large amounts of capital. In addition, bauxite production is often part of a vertically integrated operation that also covers the manufacture of alumina and aluminum.
Enterprises in the industry must apply for a license to carry out mining activities and comply with environmental legislation and regulations dealing with the application, handling and recycling of hazardous materials. They need to adopt effective measures to preserve the surrounding ecological environment and restore the environment at the completion of the mining.
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